Oberoi Hotels Expanding Globally The company recently announced a 41% increase in consolidated net profit for the September quarter, led by higher occupancies (73%), and a 9% increase in average room rates year on year to over Rs 15,000. By Priyal Dutta 26 Nov 2024 in Hotel Hotels New Update Currently, the company manages 3,772 keys in India and 497 globally. Follow Us Share Oberoi's Bold Move: 20 New Properties This development demonstrates Oberoi's dedication to its luxury positioning Oberoi Hotels and Resorts will considerably expand over the next five years, launching over 20 new hotels, luxury yachts, and cruisers and adding 1,350 keys to its portfolio to address rising demand for premium travel experiences. Of these, 288 keys will be located outside India, with the first openings set for 2026. EIH, the Oberoi Group's publicly traded entity, will own nine new properties, while 11 will run under management contracts. In India, new destinations include Rajgarh (Khajuraho), Bandhavgarh, Goa, Visakhapatnam, Tirupati, Jawai, Gandikota, Hebbal, and Pune. Properties are planned internationally in Bardia (Libya), Diriyah (Saudi Arabia), Kathmandu, Bhutan, and London. The Mayfair location in London will mark Oberoi’s debut in the UK market. Currently, the company manages 3,772 keys in India and 497 globally. This development demonstrates Oberoi's dedication to its luxury positioning. The company recently announced a 41% increase in consolidated net profit for the September quarter, led by higher occupancies (73%) and a 9% increase in average room rates year on year to over Rs 15,000. With the impending wedding season in India, demand is likely to climb even further, increasing occupancy rates and income. #Hotels #The Oberoi Group #hotel Subscribe to our Newsletter! Be the first to get exclusive offers and the latest news Subscribe Now Related Articles Latest Stories Read the Next Article